Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: da_cheif™ who wrote (134926)	3/30/2020 10:02:04 PM
From: Sun Tzu	3 Recommendations Recommended By bull_dozer CrackheadBob whistler3000 Read Replies (7) \| Respond to of 207451

I have a lot of family in NYC-NJ area. Most of them are ill with COVID-19. In one case, someone in the basement apartment got sick, and then so did everyone else in the entire building (all 3 apartments). They called the hotline asking for help. They were told that if they can breath, they should not be going to a hospital! I take it where you are has been spared so far, but this is the reality of the situation in NYC right now. Yesterday two of them were taken to a critical care unit. When the EMT arrived, my niece told them that everyone in the building is sick and for their own protection, they should give her masks to put on the people before they enter. The EMT said, sorry - we don't have any, and they walked in. Nobody in that building has been tested even though they are all ill. They were not even allowed to go to medical center before they got critical. So if you are seeing a drop in the numbers, you need to think what it means and if it makes any sense. Two weeks ago, the confirmation rate was 1 in 11. Meaning that you tested 11 people, and you got 1 confirmed case. Now it is 4 in 11. What do you think happened? Either the infection has spread to nearly half of the population, in which case it is in millions. Or we have just stopped testing anyone but the most critical cases. The rate is dropping and will continue to drop. That is both a function of large numbers and social distancing. But putting your stalk in government numbers is unwise. If you really want to know what is happening, either you check the growth in places with over 2k or 3k who are not overwhelmed yet. Or you look at the death to new cases ratio in places like NYC who are overwhelmed. When those numbers drop for 4 continuous days, then you can call it an inflection point.